T-Mobile US, Inc. $TMUS Stock Sold by Weaver Capital Management LLC

Weaver Capital Management LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 39.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,661 shares of the Wireless communications provider’s stock after selling 3,705 shares during the quarter. Weaver Capital Management LLC’s holdings in T-Mobile US were worth $923,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TMUS. Main Street Group LTD bought a new position in T-Mobile US during the 1st quarter valued at about $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Highland Investment Advisors LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $30,000. Finally, Sachetta LLC grew its stake in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Down 0.5%

T-Mobile US stock opened at $157.03 on Friday. The stock has a market cap of $168.44 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a one year low of $147.90 and a one year high of $230.54. The stock has a fifty day moving average of $173.28 and a 200 day moving average of $182.58.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 11.09 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is currently 42.72%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen decreased their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Morgan Stanley lowered their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Scotiabank dropped their target price on shares of T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating on the stock in a report on Friday, October 9th. Wells Fargo & Company dropped their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Finally, Benchmark cut their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $244.65.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.